Hooley Dooley: Anson defines 13 new nickel-copper-PGE targets at Hooley Well

Anson has generated 13 nickel-copper-PGE exploration targets at Hooley Well in WA following a high-resolution aeromagnetic survey
This included four priority-1 targets primarily focused around major magnetic anomalies
These targets will be the focus of the next phase of exploration at Hooley Well

Processing and interpretation of data from a drone-supported airborne magnetic survey has generated a total of 13 targets within the Hooley Well project area, including four priority-1 exploration targets.

Anson’s (ASX:ASN) Hooley Well project, 700km north of Perth and 300km northeast of Geraldton, consists of three tenements, two of which contain historical shallow drilling that has intersected nickel and cobalt laterites.

The geology across ASN’s Hooley Well tenements is comparable to Chalice’s (ASX:CHN) Julimar nickel-copper-PGE discovery and the Nova Bollinger nickel-copper project in WA’s Fraser Range – both of which are on the margins of the Yilgarn Craton.

The region has attracted a pegging rush from explorers looking for the next ‘Julimar’ including NickelX (ASX:NKL), Western Yilgarn (ASX:WYX), and Sultan Resources (ASX:SLZ), with companies more recently targeting rare earth element deposits in the area.

Anson Resources ASX ASN — Plan showing the regional locations of Anson’s projects in relation to other base metals projects. Pic via Anson

Target generation process

A drone-supported airborne magnetic survey has generated 13 targets, including four Priority-1 exploration targets, which are primarily focused around major magnetic anomalies where previous RAB drilling has highlighted a large nickel laterite anomaly throughout the centre of the project area.

Interpretation of the survey data at 1:20,000 was carried out by Southern Geoscience Consultants and interrogated at a closer scale of approximately 1:10,000.

Numerous targets were generated from the new magnetic data and the reprocessing of historical radiometric data will now get underway.

ASN says the collection of data over the Hooley Well Project area provides a superior quality, higher-resolution dataset which maps the complex geology in detail.

Previous published interpretations lack significant structural detail because of the poor outcrop in the area.

What’s next?

These new targets will be the focus of the company’s next phase of exploration at Hooley Well, which is planned to begin shortly.

Anson’s exploration of the Hooley Well project will be undertaken in parallel with its core focus, the ongoing exploration and development of its Paradox Basin lithium assets in Utah, USA.

Further details on the planned program and timeframes will be provided in due course.

This article was developed in collaboration with Anson Resources, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.